₹ 142000
₹135- ₹142
1000
₹178
27
14 May 2025
Download16 May 2025
19 May 2025
Application Details
Virtual Galaxy Infotech IPO is a bookbuilding of ₹93.29 crores. The issue is entirely a fresh issue of 65.70 lakh shares.
Virtual Galaxy Infotech IPO bidding opened for subscription on May 9, 2025 and will close on May 14, 2025. The allotment for the Virtual Galaxy Infotech IPO is expected to be finalized on Thursday, May 15, 2025. Virtual Galaxy Infotech IPO will be list on NSE SME with a tentative listing date fixed as Monday, May 19, 2025.
Virtual Galaxy Infotech IPO price band is set at ₹135 to ₹142 per share. The minimum lot size for an application is 1000. The minimum amount of investment required by retail investors is ₹1,35,000. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,42,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹2,84,000.
About Virtual Galaxy Infotech Limited
Incorporated in September 1997, Virtual Galaxy Infotech Limited (VGIL) is an IT services and consulting firm headquartered in Nagpur, Maharashtra. The company specializes in delivering innovative software products and solutions across a wide range of sectors, including banking and finance, ERP, e-governance, web services, cloud computing, big data, IoT, and system integration.
VGIL has made a significant impact by providing advanced technology solutions to over 5,000 bank branches, manufacturing units, and businesses. Its offerings are centered around transaction automation, enhanced customer service delivery, regulatory compliance, and decision support systems.
The company’s flagship product, "e-banker," is a comprehensive Core Banking Solution developed to meet the evolving technological and financial needs of modern banking institutions. With a team of more than 300 skilled professionals, VGIL is committed to delivering high-quality software solutions that drive efficiency and growth for its clients.
VGIL's services extend to a wide client base, including commercial and cooperative banks, NBFCs, and SACCOs in the BFSI sector, as well as corporate clients from the sugar, solvex, textiles, fertilizer, seed, and education industries. Their robust support systems and reliable technology services help organizations adapt and thrive in a rapidly changing digital environment.
Demonstrating its commitment to quality and security, the company holds several prestigious certifications, including ISO 9001:2015, ISO/IEC 27001:2013, ISO/IEC 20000-1:2018, and ISO/IEC 23001-7:2023.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.